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ilovestocks85

03/08/11 10:58 AM

#6631 RE: bliksam #6630

SOUNDS RIGHT TO ME!
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otcbargains

03/08/11 11:32 AM

#6632 RE: bliksam #6630

IWEB purchased USI which includes Promark. Purchase price is 10 mil+. It will be done with stock. It will dilute shareholders. Iweb owns USI(which includes Promark.) I think potential buyers are waiting on details about how many shares and what price the shares will be converted. 100 mil in revs are a big deal. It was also mentioned that Promark is profitable but it is unclear if USI is profitable. How many new big wigs are going to be on the payroll and are they going to do an S-8 and give them all stock options? This are all questions that will need to be answered. Hopefully the new CEO wants to create shareholder value. IWEB CEO did not always look out for shareholders so i think it is good that there will be a new CEO.